New York Insurance Law Section 5913 - Financial responsibility.

  5913.  Financial  responsibility.  Wherever pursuant to the laws of
  this state or any political subdivision of this state a demonstration of
  financial responsibility is required as  a  condition  for  obtaining  a
  license  or  permit  to  undertake  specified  activities,  if  any such
  requirement may not be satisfied by obtaining insurance coverage from an
  insurer not authorized to do business in this  state,  such  requirement
  may not be satisfied by purchasing insurance from a risk retention group
  not chartered in this state.

Last modified: February 3, 2019